Fujian Torch Electron Technology Co.,Ltd.’s Net Profit Dropped 9.8% in First Half of 2022

Fujian Torch Electron Technology Co.,Ltd. (福建火炬电子科技股份有限公司) (603678.SH) reported a net profit of 508.4 million yuan in the first half of 2022, down 9.8% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 30.5%.